Trading with favourite asset

We need to be cautious while taking trades on the assets which we barely heard about. Most of the time these assets, since they are far from our acquaintance gives us bad impressions every time. Either we have to make acquaintance with it or trade with what is already familiar to us.

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Free is good

The saying in marketing (mainly as a precaution to the victims) is that if you’re not paying for the product, then you are the product. This marketing strategy of making people a product is widely successful and people indeed have no problem in being a product. Since we don’t have to pay for the services they offer, we are comfortable with them using it as a product. If not, YouTube and Facebook never have survived. Since I mentioned these two companies, it is thoughtful to inquire about the scale of business this business strategy brings. There is nothing wrong with giving their services for free. If we look at the positive side we can embrace the amount of change it brought. But of course, it has its own drawbacks. Since the ratio of their proportionality is highly irrational giving good an unfair advantage, we could say those are life-changing technologies. And this strategy is visible almost anywhere. Giving a free trial is a great example. Besides we get news, articles,...

Traveling

Traveling may be expensive, but it offers a lot of exploration. We often tend to backnoff from travelling due to tightening money. Travelling should not be neglected. It gives us plenty of experiences and memories.

Small change for good future

Small changes create big impact over time. Giving consistent effort in developing a good habit is like watering a seed. The benefits seems far away. But you never know how useful it will be. At least view it as a process of trial and error. In the end, we are the ones who gets the benefitted from. So keep doing the practise.

Surviving a crash

A company which survives all the negative forces thrives in the future. A company or a startup generally focus on solving problem. The bigger the problem, the bigger the opportunity, and sometimes the bigger the risk. But taking such rewards yields better results. Results really defines the success. So whenever a company makes good amount of return as per their vision or greater than the previous year. And more probably we can see that those organization which survive the dip offers a very good incentives to investors as the future. During the dotcom bubble that happened in the late 20th century, those ventures which survived yielded a very good return to the investors later. Only a fundamentally strong company could survive such kind of dip. After that people are convinced about it bright future and those who then became the retail investors made a try. Therefore a dip or even a horrible dip has such kind of advantages. It can convince people and investors to trust.

Mindset matters

The first mover advantage maybe a myth like MySpace. It is not necessary to have a first mover advantage, but it may do good if managed correctly. In the world of crypto we could see Bitcoin reigning over a decade as the leading coin. It got its first mover advantage and it is way ahead than other altcoins. But does it means it will lead forever ? Not really. I’m case of Amazon the first mover advantage was a great benefit. It is not that because of Amazon being the first to deliver goods through online, it is the ever growth mindset of Jeff Bezos. Like in case of any other thing, the important factor is not the advantage, but the mindset that drives it behind. Last day I wrote about having a progressive mindset. But when it comes to BTC, the driver behind it is clearly absent. Its first mover advantage is getting it to the top, but as soon as when one person with growth mindset comes with an equivalent product (which already happened), the first mover advantage may slay. ...

Ideas surpassing the pull

When we see people taking about the things that is not yet discovered or existing, we often refer them as nuts. Some of the things they were referring makes least sense. And the probability of making it to the real world is almost null. These crazy ideas never made the mediocre to astonish. Instead it induced them to criticize and drag it to the ground over time. Yet some ideas turned real and surpassed the resistance . This is not uncommon. Most of the ideas still gets reverted by mediocre pull. This world would have been a different one if there is no pull. But these pulls are, like some other barriers, meant to cross. Almost everything new has to surpass this resistance. Of it is strong enough, it will break the barrier. The strength of idea is a by product of the source where it born. A rigid determined source can often disrupt the pessimistic ambient field. Many ideas backed by less driven person dies with fear. And couple of years later, someone with powerful mindset...

Testing the strategy

When it came comes to trading we see people using different strategies. There is no fixed strategy for success. People find their agreed will at one thing which may or may not suit us. So the real challenge is not to master the strategy but to find it. We may even tried multiple strategies multiple times. Even now that confusion pops. People choose strategy not based on how much winning percentage it has, but does it resonate with their style. Even people trading just based on their will can make more money and can have a great winning percentage than who tried thousands of them. Even after choosing a strategy, people find it difficult to take trades based. Because they are not sure about whether it is what they actually need. If we have a strategy which we think might suits us, we have to test it and back test it. People jumping from one to another never have traded multiple timed based on that. Not a single strategy could be understood within days or weeks, it takes months like the ...

communication power

When we look at the victims that fell for a scam, we could see that these people went from a suspect mind to a believer mind. Scammers use their skill of communication to trap common people. Hence communication when learnt, its application decides the wavelength of outcome.

Search

Searching for the things we think important often leads us to a prominent path. When we do such endeavours, we discover more things related to our fields.

Running out of time

Death is a constant reminder that we are running out of time. When we look at the world, we see people running behind fame, material possessions and money. But what they are missing is the fact that these are all external placebos for external world. But what matters the most is the inner world. Once we know how to satisfy the inner world, then we no longer be the prisoner of this external dilemma. We can sort out the things by making use of our time doing the things that makes us feel proud and satisfied. But this requires courage and persistence. Because here problems in the shape of emotions strikes is. We may get mocked. We might hear rude words. But it is okay as long as we are doing the right things. In order to do the right things we must be cautious about the time that is slipping by us.

Insanely Practical

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